1228 Jefferson Avenue, Clovis, CA 93612

$2,995,000
32
BD
16
BA
12,000
SqFt

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List Price
$2,995,000
Status
ACTIVE
MLS#
642577
Year Built
1965
Property Type
Multi Family
Bedrooms
32
Bathrooms
16
Full Bathrooms
16
Living Area
12,000
Lot Size
27,203
Acres
0.62
County
Fresno

Property Description

This well-maintained 16-unit multifamily property, located in the highly sought-after city of Clovis, presents an exceptional investment opportunity with both strong in-place income and future upside. The property is currently generating approximately $16,572 per month in gross rents, with clear potential to increase income by aligning rents with current market rates.Comprised of sixteen spacious 2-bedroom, 1-bathroom unitseach approximately 750 square feetthe property is in turnkey condition, offering minimal maintenance needs and a smooth transition for new ownership. An on-site laundry facility provides added convenience for tenants and an additional income stream for the owner.Set in a prime location with high rental demand, this asset offers investors immediate cash flow along with the opportunity for long-term appreciation and value growth. Don't miss the chance to acquire a consistent, high-performing asset in one of the Central Valley's most desirable rental markets.

Additional Information

Stories
2
Foundation
Concrete Perimeter
Parking Features
Carport
Roof
Rolled/Hot Mop, Metal
Utilities
Public Utilities

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of listing agent with The JKRE Investment Group, 559-212-4489.

Based on information from the Fresno Association of REALTORS® as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.